Just expand the mixer, play back the place at 3:19 and see if the peak level indicator on the master tells you that you peak above 0db - that's all you need to see to know things are wrong. You won't necessarily hear the clipping inside Live! To further prover or disprove the hypothesis, you can open your project, put the Live 8 Limiter (sadly, not available in versions prior to 8, but you can use a free VST limiter such as the mda one -
http://mda.smartelectronix.com/ - as well) on the master, export and listen to 3:19. The click should be gone.
PS: Limiter on the master is a failsafe way and personally, I do not advocate limiters on master tracks as they can lead to major problems. To just straightforward tame a peak though, it's pretty much ideal.
And hey np mate - just feel free to ask if I'm not being clear on something.